StoneX Initiates SoFi Coverage With Buy Rating, $25 Price Target
StoneX launched coverage of SoFi with a Buy rating and a $25 price target, CNBC reported. Analyst Mark Palmer cited the stock’s decline and the company’s operating progress.
SoFi Technologies Inc. (NASDAQ: SOFI ) has spent most of 2026 heading lower. StoneX Financial believes the selling has gone too far. The firm launched coverage of SoFi with a Buy rating and a $25 price target, CNBC reported.
23. 73, according to Pro market data. SOFI stock is moving. See the chart and price action here.
Business Vs. Share Price Analyst Mark Palmer built the call around a widening gap between SoFi’s results and its stock. “SOFI’s share price is down ~40% this year while its 2Q26 adjusted net revenue grew by more than 40% [year over year],” Palmer said in a Monday note to clients, per CNBC. ” Read Also: Top 10 Powder Keg Stocks Where Short Sellers Are Sitting on a Fuse He argued the market is pricing in a slowdown that hasn’t shown up.
“SOFI during 2Q26 added more members, more deposits, more products and more profit than in any prior quarter, but the market has marked the stock down as if all four were in retreat,” Palmer wrote. StoneX expects SoFi to turn top-line gains into profit after heavy marketing outlays. ” Record Quarter, Cautious Guide The second quarter supports much of the bull case. 8 billion.
Investors sold anyway. 85 billion but held its adjusted profit forecast at 60 cents a share. The stock fell 9% in early trading after the July report. CEO Anthony Noto told CNBC the company left earnings guidance alone because of potential Federal Reserve rate hikes.
” See More: Top Growth Stocks The Stablecoin Angle SoFi’s newest business line is the piece Palmer considers underappreciated. The company opened its dollar-pegged SoFiUSD token to nearly 15 million app users this year, The Wall Street Journal reported. It was the first national bank to offer a stablecoin on a public blockchain. Wall Street Split Wall Street leans bullish, but not by much.
Of the 22 analysts tracked, nine rate SoFi a Buy or Strong Buy and nine have a Hold. Four rate it a Sell. 8% upside. Piper Sandler turned bullish in August with an overweight rating and a $22 target.
27 at the time of publication on Tuesday, according to Pro data. Read Also: AST SpaceMobile Stock Upgraded: Is it Time to Buy the Dip? Photo: Shutterstock